Wall Street Manna

An irreverent look at Wall Street

Monday, May 24, 2010

iPads don't work in the hot sun

Today we've seen two people report that their iPads have displayed the "iPad needs to cool down before you can use it" message.

The iPad is officially out in the UK next Friday. Jon Silk and James Whatley got their iPads from the US and decided it would be a good idea to use them out in the sun - the iPads disagreed.


At May 24, 2010 at 8:56 PM , Anonymous Anonymous said...

Hey P:

Thanks for sharing your thoughts! Can you discuss your tout on SHLD which you mentioned without any analysis. What time frame are you looking at holding? Would you prefer this to your other recent touts -- MGM, X or BUCY? I am looking to buy one of these tomorrow.

At May 24, 2010 at 9:03 PM , Blogger Palmoni said...

Goldman lowered price objectives on many stocks today, but still said some good things about BUCY. But they were touting it at the high 60s when it was a sale.

The market is in a funk, and admittedly, all of these stocks have broken charts, but you should be able to get bounces on any of these names--but this time, I'm trading with tight stops on the long side until things start looking better.

At May 24, 2010 at 9:07 PM , Anonymous Anonymous said...

Thanks P:,

I just saw that both SHLD and MGM are hovering right above their 200 dma unlike X or BUCY. So I am thinking of going with MGM at this point.

Definitely will keep a tight stop as you suggested. Your thoughts much appreciated.

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